Weegy: A type of economic activity that is intangible, is not stored and does not result in ownership. A service is consumed at the point of sale. [ Services are one of the two key components of economics, the other being goods
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Weegy: A need is something that you can't live without or something that you need to have in order to exist or survive. A want is something that you like but you don't actually need to survive or to exist. [ A want is something that you can forgo in exchange for something that you need. ] (More)